Comparison

Side-by-side payments and cash to close

Lowest monthly: Current Market Conventional

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$298,296$197,100
Remaining term (yrs)26.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.710%7.400%
Blended rate7.260%7.640%
1st payment$1,997.86$1,364.68
2nd payment$0.00$0.00
Taxes / mo$129.83$129.83
Insurance / mo$150.00$150.00
MI / mo$141.76$39.42
HOA / mo$0.00$0.00
Total monthly$2,419.45$1,683.93
Cash to close$0$21,900